Chinese luxury consumers say they feel increasingly pressured to buy other items before being offered the chance to nab sought-after Birkin and Kelly bags. The sales tactic is reportedly on the rise at brands like Celine and Rolex, too.
As sanctions take their toll, Russia’s wealthy are turning to luxury jewellery and watches in a bid to preserve the value of their savings.
Pricey watches like Rolex, Patek Philippe and Audemars Piguet are flying off the shelves while customers leave their cheaper counterparts behind.
Baselworld, the luxury watch trade show, is counting on smaller brands to revive the fair after giants like Rolex and Swatch Group AG pulled out in
RepTrak, which uses a complex methodology to evaluate a corporation’s reputation across seven key categories, added several luxury brands to its 2021
Successful modern luxury brands deploy a number of powerful strategies to achieve the perception of exclusivity while moving millions of units. Here’s how it works.
After months of lockdown, sales of luxury goods are estimated to fall as much as 35 percent this year.
The flagging event has already seen high-profile exits including Swatch Group, Patek Philippe and Chanel.
As Chinese tourist numbers drop, the British retailer is looking to local customers to account for the decline.
The luxury watch market is facing challenges that are unlikely to be resolved any time soon, says Luca Solca.
With revenues of £746 million, the IPO could value the company at up to £1 billion.
The watch industry's biggest trade fair is promising an overhaul as attendance plummets. But as brands rely more on direct sales, some question the need for an annual gathering at all.